Instructions For Forms 1099-Int And 1099-Oid

Box 5. Investment Expenses

of bond premium amortization allocable to the interest

paid during the tax year, unless you were notified in

For single-class REMICs only, see Box 5. Investment

writing that the holder did not want to amortize bond

Expenses under Rules for REMICs, FASITs, and Issuers

premium under section 171. See Regulations sections

of CDOs, later.

1.6045-1(n)(5) and 1.6049-9(b). If you are required to

report bond premium amortization and you reported a net

Box 6. Foreign Tax Paid

amount of interest in box 1, leave this box blank.

Enter any foreign tax paid on interest. Report this amount

in U.S. dollars.

Box 12. Bond Premium on U.S. Treasury

Obligations

Box 7. Foreign Country or U.S. Possession

For a U.S. Treasury obligation that is a covered security,

Enter the name of the foreign country or U.S. possession

enter the amount of bond premium amortization allocable

for which the foreign tax was paid and reported in box 6.

to the interest paid during the tax year, unless you were

Box 8. Tax-Exempt Interest

notified in writing that the holder did not want to amortize

bond premium under section 171. See Regulations

Enter tax-exempt interest that is not OID of $10 or more

sections 1.6045-1(n)(5) and 1.6049-9(b). If you are

that is credited or paid to the person's account if that

required to report bond premium amortization and you

interest is used to finance government operations and is

reported a net amount of interest in box 3, leave this box

issued by a state, the District of Columbia, a U.S.

blank.

possession, an Indian tribal government, or their political

subdivisions, or qualified volunteer fire departments. A

Box 13. Bond Premium on Tax-Exempt Bond

political subdivision may include port authorities, toll road

For a tax-exempt covered security acquired at a premium,

commissions, utility services authorities, community

enter the amount of bond premium amortization allocable

redevelopment agencies, and similar governmental

to the interest paid during the tax year. If you reported a

entities that meet the requirements of Regulations section

net amount of interest in box 8 or 9, whichever is

1.103-1(b). Include in box 8 any accrued qualified stated

applicable, leave this box blank.

interest on these bonds sold between interest dates (or on

a payment date). For a tax-exempt covered security

Box 14. Tax-Exempt and Tax Credit Bond CUSIP

acquired at a premium, see Box 13. Bond Premium on

No.

Tax-Exempt Bond, later.

For single bonds or accounts containing a single bond,

Any exempt-interest dividends from a mutual fund or

enter the CUSIP number of the tax-exempt bond for which

other RIC are reported on Form 1099-DIV.

tax-exempt interest is reported in box 8 or tax credit bond

(including build America bond and specified tax credit

Include specified private activity bond interest in box 9

bond) for which a tax credit or taxable interest, as

and in the total for box 8. See the instructions for box 9

applicable, is reported in box 1. Enter the CUSIP number

next.

of the bond for which interest was paid or tax credit was

Box 9. Specified Private Activity Bond Interest

allowed. If the tax-exempt interest or the tax credit is

reported in the aggregate for multiple bonds or accounts,

Enter interest of $10 or more from specified private activity

enter “various.”

bonds. Generally, “specified private activity bond” means

any private activity bond defined in section 141 and

Boxes 15–17. State Information

issued after August 7, 1986. See section 57(a)(5) for more

These boxes may be used by payers who participate in

details. Also see the Instructions for Form 6251,

the Combined Federal/State Filing Program and/or who

Alternative Minimum Tax—Individuals, available at

are required to file paper copies of this form with a state

IRS.gov/Form6251.

tax department. See Pub. 1220 for more information

Box 10. Market Discount

regarding the Combined Federal/State Filing Program.

They are provided for your convenience only and need

For a covered security acquired with market discount, if

not be completed for the IRS. Use the state information

the taxpayer notified you that a section 1278(b) election

boxes to report payments for up to two states. Keep the

was made, enter the amount of market discount that

information for each state separated by the dash line. If

accrued on the debt instrument during the tax year in the

you withheld state income tax on this payment, you may

amount of $10 or more. For more details, see Regulations

enter it in box 17. In box 15, enter the abbreviated name of

section 1.6045-1(n). Unless the taxpayer notified you that

the state, and in box 16, enter the payer's state

the taxpayer did not make a section 1276(b) election, use

identification number. The state number is the payer's

the constant yield method described in section 1276(b)(2)

identification number assigned by the individual state.

to determine the accruals of market discount for the debt

instrument. See Regulations section 1.6045-1(n)(11)(i)

If a state tax department requires that you send them a

(B). For a covered security with original issue discount,

paper copy of this form, use Copy 1 to provide information

report the accruals of market discount on Form 1099-OID

to the state tax department. Give Copy 2 to the recipient

rather than on Form 1099-INT.

for use in filing the recipient's state income tax return.

Box 11. Bond Premium

For a taxable covered security acquired at a premium

(other than a U.S. Treasury obligation), enter the amount

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Instructions for Forms 1099-INT and 1099-OID (2018)

Instructions For Forms 1099-Int And 1099-Oid - 2018 Page 4

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